Bitcoin yesterday morning traded narrowly around 64,000, continuing the weak trend from the previous day. During midday, it faced resistance and fell back, oscillating downward. The bearish momentum continued to release, and the price weakened with fluctuations, gradually breaking below key support levels such as 63,800 and 63,600, reaching a low of around 63,650. In the evening, it stabilized near 63,650, showing a slight technical rebound, and the price recovered to around 64,000 for consolidation.

Ethereum yesterday morning fluctuated narrowly between 1,660 and 1,670, mainly following Bitcoin’s weak trend. The Bollinger Bands were opening downward, with the price staying below the middle band for a long time, indicating a clear weakness compared to Bitcoin. During midday, it followed Bitcoin’s downward oscillation, touching a low of about 1,653. In the evening, driven by Bitcoin’s stabilization, the price stopped falling around 1,653, rebounded slightly to around 1,670, and this morning, it surged to a high of 1,732, showing independent strength. The Bollinger Bands widened upward, and the short-term bullish pattern is clear.

Bitcoin rebounded from the low of 63,650, reaching a high of 65,652. Currently, it is trading between 65,100 and 65,300. The overall short-term pattern is relatively strong, but selling pressure at high levels continues to appear. The future trend has two possible directions: if the price stabilizes above 65,000 and retests without breaking below 64,800, it may challenge the previous high of 65,652 again. A breakout could target the 66,000-66,500 resistance zone. Due to indicator and volume constraints, the probability of a sharp rise followed by a fall is higher. Key supports below are at 64,500-64,300. If it breaks below 64,000, the market will return to a weak oscillation phase. Ethereum’s rebound outperformed Bitcoin’s this round, rising from a low of 1,653 to a high of 1,732. Currently, it is stuck in a range of 1,715-1,725. The bullish momentum has been fully released, and a technical correction is clearly needed. If the price holds above 1,700 and retests without breaking below 1,690, there is a chance for a second surge. After breaking the previous high, the target could be 1,750-1,780. Conversely, profit-taking at high levels will cause the price to gradually retrace to key supports at 1,680-1,670. A significant break below 1,650 would signal the end of the short-term bullish pattern.

Overall, this rally is a technical correction after a sharp decline, not a trend reversal. Today’s main focus is on consolidation at high levels. If the previous high cannot be broken, attention should be on retest movements, especially on the breakthrough of supports and resistances. Patience is needed until the market provides a clear direction.
Monday morning outlook:
Bitcoin around 64,800, target 66,500
Ethereum around 1,690, target 1,800